Austrian vs Keynesian debates are not my thing.
Good question to ask @saifedean or @stephanliverahttps://mises.org/library/deflation-and-liberty-1 …
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And it all hinges on the biggest lie of all... The networks (power, internet, etc) that bitcoin depends on run on fiat. I cannot pay an electric bill with bitcoin and as long as it has the volatility that BTCBROZ rely on, it won't be accepted...
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I swear to god this is what happens when a bunch of engineers suddenly discover economics exists and proceed to misunderstand it from the ground up as an engineering problem.
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Also it's literally directly making climate change worse. Those megawatt-hours he's talking about are not free for /anyone/. Talk about negative externalities...
End of conversation
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